KLA-Tencor reports 48% drop in fourth-quarter profit

SAN FRANCISCO (MarketWatch) - KLA-Tencor Corp.
KLAC, -2.08%
on Thursday reported fiscal fourth-quarter net profit of $76 million, or 43 cents a share, compared with net profit of $147 million, or 75 cents a share, for the year-earlier period. Revenue was $591 million, down from $736 million a year ago. Adjusted income was 60 cents a share. Analysts had expected the chip-equipment maker to report earnings of 57 cents a share on revenue of $572.8 million, according to a survey by Thomson Reuters.

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